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Tag: payments

CFPB proposes new rule to include payday advances under Truth in Lending Act

Key Points:Proposed Rule:Payday loan advances would be brought under the same scope as consumer loans. Fees associated...

B2B paytech Slope lands $65m equity and debt funding led by JP Morgan

Key Points:Investment Details:Total Investment: $65 million Led by: JP Morgan Payments Participants: Y Combinator, Jack Altman (Alt...

US fintech Coast bags $40m Series B for product, partnership and team expansion

Key Points:Investment Details:Total Raised in Series B: $40 million Lead Investor: ICONIQ Growth New Board Member: Yoonkee...

Meridien Holdings acquires stake in FX liquidity firm DKK Partners to bolster plans for NYSE listing

Meridien Acquires 27% Stake in DKK PartnersAcquisition Details:Acquirer: US-based holding company Meridien Stake Acquired: 27% of DKK...

ICYMI fintech funding round-up: Dopay, Wamu, Mifundo, Papaya and more

ICYMI Funding Round-Up: Latest Fintech Funding NewsDopayAmount Raised: $13.5 million Series A extension. Lead Investor: Argentem Creek...

Cash App to exit UK as Block scales back international expansion plans

Summary of Cash App's Exit from the UK MarketCompany: Cash App, a division of Block (formerly known as...

Jordan Kuwait Bank partners Mastercard and FOO to launch multicurrency prepaid wallet offering

Summary of Jordan Kuwait Bank's Launch of eliWalletEntities Involved:Jordan Kuwait Bank (JKB) Mastercard FOO (UAE-based fintech)Product...

Digital challenger Inter promotes SVP Alexandre Riccio to Brazil CEO

Summary of Inter's Leadership Changes and StrategyLeadership Appointment:New CEO: Alexandre Riccio appointed as CEO for Brazil. Focus...

Diamond Credit Union partners Tyfone for nFinia digital banking platform

Partnership:Diamond Credit Union selects Tyfone for its nFinia Digital Banking platform. The platform will serve both commercial...

Argentinian fintech start-up Tapi bags $22m Series A led by Kaszek

Tapi secures $22 million Series A funding:Led by Brazilian VC firm Kaszek Participation from Californian VC Andreessen...

Blockchain-powered clearing and settlement fintech Partior raises more than $60m in Series B funding

Funding:Partior, a Singapore-based fintech start-up, secured over $60 million in a Series B funding round. The round...

ICYMI fintech funding round-up: Lemon.markets, Trustap, Adfin, Accend and more

ICYMI Funding Round-UpLemon.markets:Amount: €12 million seed extension. Lead: CommerzVentures. Other Investors: Creandum, Lakestar, Lightspeed, Heliad, System.one. Purpose:...